Recently, Cheryche et al. (2011) proved the important negative result that deciding the strong feasibility of the Marshallian equilibrium inequalities, introduced by Brown and Matzkin (1996), is NP-complete. Here, I show that the weak feasibility of the equivalent Hicksian equilibrium...

Recent studies show that even irrelevant relative pay information—earnings compared to the past or to others—significantly affects workers’ willingness to work (labor supply) and effort. This effect stems mainly from those whose pay compares unfavorably; accordingly, earning less compared...

While the current European Central Bank deposit rate and 2-year German government bond yields are negative, the U.S. 2-year government bond and deposit rates are positive. Insights from Prospect Theory suggest that this situation may lead to an excess flow of funds into the United States. Yet...